KARACHI: The Directorate General of Customs Valuation has revised the customs value of printers through Valuation Ruling No 1222/2017 under Section 25A of the Customs Act, 1969.
According to the details, the customs values of printers of various brands were determined under Section 25-A of the Customs Act, 1969 vide Valuation Ruling No. 875/2016 dated 22-06-2016. Representation were received from importers that certain new models of printers have been introduced but are not available in the ruling. As a result, the same are being assessed and cleared at much lower values and requested to re-determine customs values of printers in line with current values available in the international market.
Therefore, an exercise was initiated in terms of Section 25-A of the Customs Act, 1969 to determine customs values of printers afresh in the light of existing international market prices of different brands and models of printers.
Meetings with stakeholder were scheduled on 01-08-2017 and 30.10.2017. The stakeholders were requested to furnish invoices of imports during last three months showing factual value.
Websites, names and E-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained. Copies of contracts made / LCs opened during the last three months showing the value of item in question.
Copies of sales tax Invoices issued during last four months showing the values of supplies (excluding duty and taxes) to substantiate their contentions.
During the course of stakeholders meetings M/s. ABM Data Systems (Private) Ltd were of the view that the values of printers were determined comprehensively, however, they need to be revised as the new models have been introduced in the market and are being imported; in support of their contentions they submitted commercial invoices and sales tax record. No documents were submitted by other importers in this Directorate General on or even after the said scheduled meetings. Numerous surveys were conducted for determination of the customs values.
Method adopted to determine Customs values: Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs values of printers. Transaction value method provided in Section 25 (1) was found inapplicable because the requisite information was not available. Identical / similar goods value methods provided in Section 25(5) & (6) were examined for applicability to the valuation issue in the instant case which provided some reference values of the subject goods but the same could not be exclusively relied on due to wide variation in declared values of subject goods.
